1. Minor variations in values of pricing levels.
2. Prices now are still fluctuating in the correction zone between $108.6x and $104.6x.
3. RSI shows that the bulls are active when the market starts. First uptrend confirmed if the price exceed the first resistant line (first target) above $108.6x and break the major trend line as well.
4. Breaking the $111.1x line (second target) means that prices will continue the journey successfully to the 161.8% level (third target).
5. At the 161.8% level, the battle will start between bulls and bears as this level is a strong resistant line by default.
6. Penetrating the 161.8% level means the third target @ $115.xx achieved and the prices comfortably will pass to hit the main target @ 261.8% level reaching around $125.5x.
7. Condition to fulfill $125.5x price requires a long-term investment traders while prior targets are suitable for short-term traders.
8. For short-term traders, entry points are the boundary lines between targets in the resistant (red) zone if the gradual uptrend explained in previous notes move normally.
9. Achieving the $125.5x price may occurs by the end of the day (optimistic) or probably at the start trading of the next day if prices will close at level above $115.xx.
Tools used are Fib pattern, ZigZag ++, BB indicator, and RSI indicator.
2. Prices now are still fluctuating in the correction zone between $108.6x and $104.6x.
3. RSI shows that the bulls are active when the market starts. First uptrend confirmed if the price exceed the first resistant line (first target) above $108.6x and break the major trend line as well.
4. Breaking the $111.1x line (second target) means that prices will continue the journey successfully to the 161.8% level (third target).
5. At the 161.8% level, the battle will start between bulls and bears as this level is a strong resistant line by default.
6. Penetrating the 161.8% level means the third target @ $115.xx achieved and the prices comfortably will pass to hit the main target @ 261.8% level reaching around $125.5x.
7. Condition to fulfill $125.5x price requires a long-term investment traders while prior targets are suitable for short-term traders.
8. For short-term traders, entry points are the boundary lines between targets in the resistant (red) zone if the gradual uptrend explained in previous notes move normally.
9. Achieving the $125.5x price may occurs by the end of the day (optimistic) or probably at the start trading of the next day if prices will close at level above $115.xx.
Tools used are Fib pattern, ZigZag ++, BB indicator, and RSI indicator.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.